Apartment Association Of Southern Colorado Inc is located in Colorado Springs, CO. The organization was established in 1971. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Apartment Association Of Southern Colorado Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apartment Association Of Southern Colorado Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Apartment Association Of Southern Colorado Inc generated $832.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $760.7k during the year ending 06/2022. While expenses have increased by 5.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NONPROFIT TRADE ASSOCIATION SERVING TO EDUCATE AND ADVOCATE FOR THE RENTAL HOUSING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES MEMBERS ACCESS TO INFORMATION AND EDUCATION RELATED TO THEIR INDUSTRY
MEMBERSHIP SERVICES
GOVERNMENT AFFAIRS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kerry Egelston President | OfficerTrustee | 2 | $0 |
Dana Lowry Past Preside | OfficerTrustee | 2 | $0 |
Toni Moyes President El | OfficerTrustee | 2 | $0 |
Cathleen Welch Treasurer | OfficerTrustee | 2 | $0 |
Michael Malone Secretary | OfficerTrustee | 2 | $0 |
Lara Cartagena Supplier Cou | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $625,588 |
Investment income | $1,879 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $137,058 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $67,890 |
Miscellaneous Revenue | $0 |
Total Revenue | $832,415 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $126,200 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $174,276 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $18,303 |
Payroll taxes | $24,397 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $17,900 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,288 |
Advertising and promotion | $6,747 |
Office expenses | $28,393 |
Information technology | $21,313 |
Royalties | $0 |
Occupancy | $59,810 |
Travel | $45,518 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $103,889 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $6,820 |
Insurance | $2,906 |
All other expenses | $11,124 |
Total functional expenses | $760,657 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $234,583 |
Savings and temporary cash investments | $242,723 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $6,500 |
Net Land, buildings, and equipment | $25,910 |
Investments—publicly traded securities | $139,147 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $5,457 |
Total assets | $654,320 |
Accounts payable and accrued expenses | $4,774 |
Grants payable | $0 |
Deferred revenue | $57,413 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $62,187 |
Net assets without donor restrictions | $538,488 |
Net assets with donor restrictions | $53,645 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $654,320 |